The story written by Bruce Kelly of Investment News had all the makings of a tabloid scandal. Stockbrokers, forged documents, sexual harassment, an SEC investigation, Hooters girls and the misappropriation of customer funds from a prominent brokerage firm. The problem is that Kelly is a real journalist and the story he penned today about Commonwealth […]
December 11th, A Date That Will Live In Infamy – Investment Fraud Blog Post
by Brian Mahany History buffs will remember President Roosevelt’s famous speech after the bombing of Pearl Harbor. He started that speech by saying, “Yesterday, December 7th, 1941, a date that will in infamy…” He went on to inform a shocked nation about the surprise attack on Pearl Harbor. A little more recently, December 11th has […]
Cal Appeals Court Helps Bad Brokers Hide Their Record From Investors
by Brian Mahany We have long been a fan of BrokerCheck, the free web based database that allows the public to see what type of complaint and disciplinary history their broker has. To be sure, the system has some flaws but it is still a great way to perform your own due diligence on stockbrokers. […]
Chinese Reverse Merger Scams – What Will They Think of Next?
[Post updated 2021] Hundreds of small Chinese companies have figured out a way to enter the U.S. stock market. Their secret? Reverse mergers. Are these companies scams? Many seem to think so. Chinese companies looking for a quick way to raise capital merge with a defunct or nearly defunct U.S. public company. For all practical […]